Dow tops record as rally drives market higher
The Dow Jones industrial average surged to a new high at 1,287.20 after an afternoon rally with heavy volume. The broad market rose with gains in steel, financial, airline, drug and mining stocks as the NYSE composite climbed 0.75 to 96.94 and S&P indices advanced.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Dow Jones
Charles Jensen
MKI Securities Corp
Treasury
Westinghouse
International Business Machines
DuPont
U.S. Steel
Bethlehem Steel
American Telephone & Telegraph
NYSE
At&t
IRS Unveils 1983 Tax Forms With Scan Capabilities
The IRS released the 1983 tax forms including a revised 1040EZ designed for optical scanning, and an expanded 1040A to cover child care credits and IRA deductions. About 2 million filers may use the short forms, while 57 million will still file the long form.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Egger
Congress
Record US trade deficit widens to 8.97 billion in October
U.S. merchandise trade gap grew to a record 8.97 billion last month as imports rose 11.7 percent to 25.92 billion and exports slipped to 16.95 billion. The surge in imports spanned clothing, cars, telecom equipment, office machinery, and steel products, while sales of farm goods military items aircraftd space parts fell. The 1983 deficit rose to 55.6 billion, surpassing the prior year’s record.
MENTIONED IN THIS ARTICLE
Washington
Department
U.S
SEC probes WPPSS default
The Securities and Exchange Commission said it is investigating possible federal securities law violations related to the Washington Public Power Supply System bonds that defaulted. SEC general counsel Daniel Goelzer noted an informal probe began in late September at the request of enforcement chief John Fedders, in New York City.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Washington Public Power Supply
Daniel Goelzer
Commission
WPPSS
Goelzer
New York State
New York City
John Fedders
Energy costs rise as heating stays steady across U S households
Government energy study shows total energy use remained stable from 1980 to 1981 while heating bills jumped 14 percent. Despite lower consumption overall over four years, expenditures climbed 53 percent, with the Northeast paying the most at 1426 dollars and fuel oil driving regional costs.
MENTIONED IN THIS ARTICLE
Washington
Energy Information Administration
J. Erich Evered
Evered
Northeast
North-Central States
South
West
FMC delays reorganization plan three months
FMC Corp. will postpone its plan to reorganize the Construction Equipment Group, including Cedar Rapids operations, until after the first quarter of 1984. Booz Allen & Hamilton has proposed changes, but no details have been announced. The group faces declining sales and possible Sixth Street plant closure amid industry adjustments.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Toyota
Blair's Ferry Road
Marion
Seventh Avenue
FMC Corp
FMC
Dick Curtis
Booz, Allen & Hamilton
New York
Bannockburn, Ill
Lexington
Bowling Green
Sixth Street SW
Bowling Street SW
C Street
Link-Belt
Sixth Street
Curtis
Harnischfeger Corp
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Dow
Coleco
Calvin Klein
Comsat
Monsanto
Morton-Thiokol
Cone Mills
Cone Managers
Standard & Poor
S&p
Org
Any
Internal Revenue
Roscoe Egger Jr
al Brooke
Office Services Inc
Iowa City
SEC
George W. Hancock
Farragut Boat Club
Chicago
Us Today
CEF Money Market Portfolio
CEF
Investors Money Account
FDIC
Tax-Exempt Money Market Fund, Inc
Funds Money Market
Money Market Fund, Inc
Investors Money
Securities Corporation of Iowa
SCI Financial Group
Second Avenue
Lowa